chairman

Euthanising healthy donkeys in north , ‘out of the question’

by
Euthanising healthy donkeys in north , ‘out of the question’

The idea of euthanizing healthy donkeys in Karpasia, Cyprus is “absolutely out of the question,” according to Tashkent nature park director Kemal Basat. In the “Karpasia donkeys management plan cooperation protocol,” not a single stakeholder mentioned euthanizing the donkeys. Basat emphasized that the nature park is executing the protocol and urged the public not to trust superficial and unfounded news. The article in question was criticized for using donkeys as proxies to influence public opinion in Turkey in favor of euthanizing stray dogs. A research station has been established in Karpasia to devise a “donkey management plan” with the support of the Turkish Cooperation and Coordination Agency (Tika).

Larnaca port and marina in flux as state replaces Kition

by
Larnaca port and marina in flux as state replaces Kition

Larnaca’s port and marina are now under state control following the collapse of a major development project. The Port Authority has taken over operations, deploying additional staff and private machinery services. The future management of the marina is uncertain, with discussions on potentially separating the port and marina projects gaining traction. The fate of Kition Ocean Holdings’ employees remains unclear, with trade unions advocating for their rights. The government is re-evaluating the initial development plan and considering future steps for the projects.

Farmers and , ‘govt’ in north refuse to back down over imported meat

by
Farmers and , ‘govt’ in north refuse to back down over imported meat

The ‘government’ in the north of Cyprus is determined to import meat from abroad, with the first shipment arriving from the Netherlands. The imported meat will be stored at -18 degrees Celsius and sold in supermarkets. Despite a meeting with ‘ministers’ and union leaders, no agreement was reached, and protests by the union will continue. The government also plans to import meat from Spain, and opposition party CTP ‘MP’ Teberruken Ulucay questioned why meat could not be imported from the Republic of Cyprus where European Union standards are enforced.

CySEC announces launch event for its regulatory sandbox

by
CySEC announces launch event for its regulatory sandbox

CySEC announced the launch of its Regulatory Sandbox to test innovative solutions in a controlled environment. The presentation of the Regulatory Sandbox is scheduled for June 11, 2024, and will be conducted through an online event. The CySEC Innovation Hub will cease its operations. CySEC’s Chairman, George Theocharides, stated that the Regulatory Sandbox aims to foster responsible innovation in the financial services markets in Cyprus while ensuring investor protection and market integrity.

MP calls for scooters to be banned

by
MP calls for scooters to be banned

– Scooters must be banned if no active measures are taken to ensure their safe circulation.
– The legislation states that the driver must be 14 years and up to ride a scooter.
– The driver must wear a protective helmet and a fluorescent vest after dark.
– Scooters are permitted to travel on bicycle lanes, roads with a maximum limit of 30km, or where allowed by authorities.
– Municipalities must take the law seriously to deter illegal use or consider a complete ban.

Cypriot donkeys , ‘used as proxies’ to kill stray dogs in Turkey

by
Cypriot donkeys , ‘used as proxies’ to kill stray dogs in Turkey

Cypriot donkeys are being used as proxies by news media in Turkey to encourage the idea of euthanizing stray dogs. The debate on euthanizing stray animals in Turkey has caused a divide in Cyprus. The population of wild donkeys has increased, causing damage to property and crops. However, neither local leaders called for the euthanization of donkeys. Donkeys are of great economic benefit to the Karpasia region and measures are being taken to control their population. A “Karpasia donkeys management plan cooperation protocol” was signed to better manage the free roaming donkeys in the region.

Corporate tax not rising for compliant listed companies

by
Corporate tax not rising for compliant listed companies

Tax rates for publicly-listed companies may remain unchanged in the upcoming fiscal year, with some changes in parlance that could affect the availing of lower tax rates. The base rate may see a rise for publicly listed companies, but compliance with cashless transactions could bring it back down to existing rates. Listed companies with free float up to 10% and above with cashless transactions would have tax rates of 20% and 22.5%. Noncompliance with the cashless transaction limit would result in higher tax rates. The government may also impose capital-gain taxes on individual investors for the first time if profits exceed Tk 4.0 million. The tax gap between listed and non-listed companies may be reduced by cutting corporate tax rates for non-listed companies by 2.5%. Capital-market experts believe that higher taxes and reducing the tax gap between listed and non-listed companies could discourage companies from entering the capital market. The government should focus on simplifying investment procedures rather than increasing taxes on the capital market.

EAC pondering price hikes for 2025

by
EAC pondering price hikes for 2025

The Electricity Authority of Cyprus is examining tariff hikes for 2025 and plans to present their proposal to the energy regulator by July. The organization has cash reserves of over €280 million and plans to upgrade the Dhekelia power station at a cost of €110 million.

Stalemate continues over Turkish Cypriot farmers, ’ protest

by
Stalemate continues over Turkish Cypriot farmers, ’ protest

– A sixth consecutive working day of protests took place between the north’s ‘government’ and Turkish Cypriot farmers over a decision to import meat from the Netherlands.
– A larger number of trade unions from other sectors of Turkish Cypriot society joined the farmers’ unions in solidarity.
– The ‘government’ offered to meet with union representatives at the north’s ‘parliament’ building instead of in the ‘prime minister’s’ office, which was rejected by the protesters.
– The ‘government’ had announced a decision to import meat from the Netherlands to bring down prices for consumers, but farmers believe they are being undercut by the Dutch meat. ‘Ministers’ have consistently insisted that there will be “no stepping back” from the policy.

A bank windfall tax is not the answer in Cyprus

by
A bank windfall tax is not the answer in Cyprus

Since 2022, the huge deposits held by banks at the ECB have been earning millions in interest.